Shoveling more money out door, along with having rising expectations of increased defaults. Makes sense in our bizarro world, to wit; This past week earning for Canada’s biggest banks saw the country’s major lenders move in lockstep ahead of a projected economic…
Canadians report struggling with the rising cost of living and the consequences of seven interest rate increases throughout 2022. Nearly seven in 10 households (68%, +11 pts) say they’re feeling the effects of higher interest rates, Six in 10 Canadians…
CIBC’s annual Financial Priorities poll finds that repaying debt is the number one goal for Canadians in 2023 (18 per cent), while inflation (65 per cent), rising interest rates (30 per cent), and recessionary fears (24 per cent) top the…
Higher interest rates are slowing mortgage borrowing but debt is still growing fast. Bank of Canada (BoC) data shows outstanding mortgage credit climbed in May 2022. Falling home sales are beginning to erode the pace of borrowing. Even with…
As announced by Statistics Canada May 18, 2022 the cost of living continues to rise at the fastest pace in decades, rising at a 6.8% annual pace in April. The CBC blames global factors including the war in Ukraine disrupting…
The enduring financial impacts of COVID-19 coupled with the pressures of rising interest rates and a higher cost of living are weighing down Canadians’ confidence in their personal finances, according to the MNP Consumer Debt Index which…
The MNP Consumer Debt Index has dropped by a staggering seven points through its nineteenth wave to sit at 88 points. Latest survey results released January 17, 2022 reveal deep-seated pessimism around the amount of debt households already have,…
While a majority of households say they’ll be hurt by higher borrowing costs, they are much more concerned about the rising cost of living, according to polling late last month by Nanos Research Group for Bloomberg News. Almost nine in…
The ratio of Canadian household debt-to-income rose to 177.3% in the third quarter from 175.6% in the second quarter of 2021 according to a Statistics Canada report release Dec 10. National net worth rose by 3.1% to $15.94 trillion or…
Two lines of thought exist on the subject of inflation Economists at the Bank of Canada and some academics believe that supply-chain bottlenecks and labour shortages are behind Septembers 4.4 percent increase in the CPI. Economists who have…